HUDCO Signs MoU with NMRDA for ₹11,300 Crore Funding Support

Housing and Urban Development Corporation Limited (HUDCO) has entered into a major collaboration with the Nagpur Metropolitan Region Development Authority (NMRDA). The agreement, signed on September 8, 2025, in Mumbai, outlines HUDCO’s commitment to support urban development in the region through significant financial backing and advisory services.

Details of the Agreement

The non-binding Memorandum of Understanding (MoU) focuses on exploring funding opportunities of up to ₹11,300 crore over the next 5 years. These funds will be channelled towards land acquisition, housing, and large-scale infrastructure development across the Nagpur Metropolitan Region. In addition to financial assistance, HUDCO will provide consultancy services and capacity-building support to NMRDA, reinforcing its role as a development partner.

The MoU was signed in the presence of key leaders from Maharashtra. Shri Devendra Fadnavis, Hon’ble Chief Minister, and Shri Eknath Shinde, Hon’ble Deputy Chief Minister, witnessed the occasion along with HUDCO Chairman and Managing Director, Shri Sanjay Kulshrestha, and other dignitaries.

About HUDCO

Established in 1970, Housing and Urban Development Corporation Limited (HUDCO) is a Government of India enterprise under the Ministry of Housing and Urban Affairs. It has been at the forefront of financing housing and urban infrastructure projects across the country. Over the decades, HUDCO has extended its role beyond funding to consultancy services, technical assistance, and capacity building, contributing significantly to India’s urban development and affordable housing mission.

Read More: Maharashtra Signs ₹33,768 Crore Investment Deals, Creating 33,000 Jobs!

HUDCO Share Price Performance 

As of September 9, 2025, at 9:28 AM, Housing and Urban Development Corporation Limited (HUDCO) share price is trading at ₹217.44 per share, reflecting a gain of 0.17% from the previous closing price. Over the past month, the stock has gained by 3.38%.

Conclusion

With this partnership, HUDCO and NMRDA aim to fast-track critical housing and infrastructure projects in Nagpur. The collaboration not only strengthens the urban ecosystem of Maharashtra but also reinforces HUDCO’s position as a leading institution in driving sustainable urban development across India.

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